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Strategies & Market Trends : Young and Older Folk Portfolio

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To: chowder who wrote (883)	3/29/2022 11:31:45 PM
From: chowder	1 Recommendation Recommended By red cardinal Read Replies (1) of 22058

Re: Young Folk Portfolio ... Tax Loss Selling Back in January I trimmed a few positions, some were laggards and other positions were trimmed in anticipating market weakness, and I wanted to take some profits before the market did. I took those profits to fill out the portfolio with companies I wanted to add but due to their high share prices, I didn't have enough cash to work with. I was able to finally buy and/or build positions in TSLA, GOOGL and AMZN. In making these moves I generated a good amount of capital gains and I needed to offset those gains if possible. The only assets I have in the taxable account that are showing a loss are the CEF's. So, today I sold AIO and BST. I have been using the CEF's to generate cash to be invested elsewhere and I didn't want to lose the income these assets generate, so I purchased positions in ARDC and EXG. The two assets I sold generated: Balance - $8,268 Income - $625 Yield - 7.56% The new assets will generate: Balance - $8267 Income - $703 Yield - 8.51% In addition to increasing the yield, I increased the income by 13.92% and I get the benefit of the tax due amount being lowered.

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